Get Help With Your Essay
"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."
Your goal is to practice making connections between accounting principles from class to the accounting practices of real-life companies, based on the company’s most recent 10-K and/or annual report (referred to in the rest of this document as “last year”).
1) What were the company’s main sources of cash last year? Does the company generate enough cash, at an adequate speed, to sustain operations?
2) What methods does this company use to record inventory?(Xuan)
· Perpetual vs. periodic
· FIFO, LIFO
What are the tradeoffs this company faces in choosing this inventory method over others? Tie the tradeoffs back to the company’s products, business model, and industry.